Lorraine, NY Foreclosures
How much do homes sell for in Lorraine, NY?
The average home price is currently $174,218.
In Lorraine, NY, how many homes are available?
There are currently 2 active home listings available in Lorraine.
What’s the average rental cost in Lorraine, NY?
The average rental price in Lorraine is $1,082.
What is the most expensive home in Lorraine?
The most expensive home sold in Lorraine had a price of $655,852.
What is currently the cheapest priced home in Lorraine, NY?
The cheapest home for sale in Lorraine is priced at $19,806.
Living in Lorraine, NY
Lorraine, NY, is a tranquil community in Jefferson County known for its scenic beauty and welcoming atmosphere. With a rich rural lifestyle that includes plenty of outdoor activities, Lorraine is perfect for families and individuals looking for a peaceful setting while still being close to larger towns for convenience.
Current Market Conditions in Lorraine, NY
The real estate market in Lorraine has seen a steady increase in interest from buyers seeking affordable housing options in a rural setting. As more people look to escape urban environments, Lorraine has become a sought-after location for its charm and expansive outdoor activities.
Currently, home prices in Lorraine have risen modestly over the past year, reflecting a trend of increasing demand in rural areas. The market remains competitive, although it is still favorable for buyers compared to neighboring towns and cities.
Home Value Estimator For Lorraine, NY
There are currently 412 real estate properties
in Lorraine, NY,
with a median automated valuation model (AVM) price
of $157,174.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lorraine, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lorraine, NY,
is $174,218.00, with the most expensive house
in Lorraine, NY, topping out
at $655,852.00 and the cheapest home
in Lorraine, NY,
clocking in at $19,806.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lorraine, NY!
Rent Prices
In Lorraine, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lorraine, NY, is on
a rollercoaster ride. The
average rent price in Lorraine, NY,
is $1,082.00. Indeed, when looking to rent in
Lorraine, NY, you can expect to pay as little
as $580.00 or as much
as $1,840.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Lorraine, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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